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Downtrend Intact Below 1.14.......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Downtrend Intact Below 1.14
Failure to build above 1.14 keeps the recent downtrend intact, returning focus
to the 1.13 level. Below here would likely accelerate the move towards the 2%
lower Bollinger band at 1.1288, ahead of the long-term 61.8% retracement of
1.0341-1.2555 at 1.1187. Bulls need a close above 1.14 before challenging the
Nov 2 high & 50% fibo of 1.1621-1.1302 at 1.1456/62, a break opens the Oct 22
high & 100-dma at 1.1550/87.

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